Sobha Limited Reports Record Quarterly Real Estate Sales in Q1 FY27; Revenue Jumps 47.6% YoY

Sobha Limited Reports Record Quarterly Real Estate Sales in Q1 FY27; Revenue Jumps 47.6% YoY​

Sobha Limited announced strong performance for the first quarter of the financial year 2027 (Q1 FY27), reporting a new record in quarterly real estate sales and demonstrating significant growth across key operational metrics. The company’s total revenue recorded during Q1 FY27 stood at ₹13.30 billion, marked by a 47.6% increase compared to the previous year (FY26).

The P&L statement for Q1 FY27 showed robust growth in both real estate and contractual businesses. Real Estate Revenue reached ₹11.07 billion, reflecting a 60.5% YoY improvement. Meanwhile, Contractual, Manufacturing & Retail contributed ₹1.71 billion to the total income. Sobha generated an EBITDA of ₹1.30 billion for the quarter, achieving a margin of 9.7%. Profit Before Tax (PBT) improved by 270.6% reaching ₹0.69 billion, while Profit After Tax (PAT) was reported at ₹508 million, maintaining a PAT margin of 3.8%.

Operational and Financial Health

The company maintained a stable financial footing in Q1 FY27. Total Operational Cash Inflow stood at ₹19.24 billion, an increase of 8.2% year-over-year. Real estate collections contributed ₹17.56 billion to the operational inflow, marking a 9.9% rise over the previous quarter (Q1 FY26).

Sobha’s balance sheet data indicated a net debt position of negative ₹6.59 billion as of June 30, 2026. The company reported total assets at ₹202,426 million for Q1 FY27.

Sales and Projects Highlights

The real estate sector witnessed particularly strong performance during the quarter. The new saleable area in Q1 FY27 reached 2.34 million square feet (Mn sft), up from 1.44 Mn sft in Q1 FY26. Total realized sales value stood at ₹36.56 billion, with Sobha contributing ₹29.92 billion to this total.

The geographical breakdown of the newly sold area shows significant contribution from Bangalore (56.5%), which accounted for 1.617 million sft and generated ₹19.218 billion in sales value at a realization rate of ₹12,780 per sft. NCR contributed 37.9% with 561,125 sft sold.

In terms of project completions for Q1 FY27, the company completed 671 homes across various projects in multiple cities and regions, including Bangalore (505 units), Kochi (96 units), Trivandrum (48 units), Chennai (20 units), and Gurgaon (2 villas).

Project Pipeline and Future Growth

Sobha maintains a substantial project pipeline, encompassing 52.42 Mn sft across 595 developments. The total inventory visibility includes 35.71 Mn sft, comprising 10.18 Mn sft of ongoing projects (released) and 20.77 Mn sft in forthcoming residential projects, valued at a sale potential of ₹295.57 billion.

The company’s commitment to future growth is underscored by its developable land bank, totaling 361 acres across eight regions, with a development potential of 36.94 Mn sft. Key regional contributions include Bangalore (181 acres), Tamil Nadu (76 acres), and Gurgaon (50 acres).

New Launches and Awards

In addition to ongoing operations, Sobha introduced several new projects during Q1 FY27:

• SACRED GROVE: Located in Chikka Tirupati, Bangalore, with an area of 26.1 acres, targeting a sale potential of ₹75 billion.
• SOBHA ONEWORLD: Situated in Hoskote, East Bangalore, spanning 47.4 acres and featuring 3,484 homes.
• SOBHA CRESCENT: Launched in Sector 63A, Gurgaon (targeting ₹22 billion) and a separate plot development in Chikka Tirupati, Bangalore (targeted at ₹2.5 billion).

Sobha was recognized with several awards during Q1 FY27 for various initiatives, including the Best Fire & Life Safety Compliance Award, Excellence in Large Scale Township Urban Community Development, and receiving a GOLD Award for implementing Quality driven practices.

SOBHA Stock Price Movement​

Sobha Limited shares today slipped by 0.48% to settle at ₹1455.70, losing ₹7.00 from the previous close. The equity traded a volume of 170,875 shares throughout the session.